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Renewable share prices tumble (Read 66 times)
Baronvonrort
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Renewable share prices tumble
Nov 9th, 2024 at 9:19pm
 
Quote:
Trump victory hands hedge funds $1.2bn win from bet against renewables


Clean energy shares have tumbled on fears US president-elect will scrap subsidies and tax breaks

https://www.ft.com/content/3af7966d-6729-433e-9864-3346e039c3ef



Wouldn't happen if solar and wind really was cheaper

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Mortdooley
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Re: Renewable share prices tumble
Reply #1 - Nov 9th, 2024 at 9:45pm
 
The truth is clean energy isn't clean. All the hydrocarbon generated in the manufacture and disposal of these wind turbines far exceeds their clean energy production. Electric vehicle production is another high energy consumer. These "green devices" don't just appear after a summer rain, it takes fossil fueled energy to bring them to market. Just like the addition of ethanol to our gasoline, it takes more energy to produce it than it saves in energy costs.
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